The compliance date for submitting filings using inline XBRL is fast approaching with filings due in August of this year for all non-accelerated and smaller reporting companies. To help this transition, Novaworks is presenting a free, three-part webinar series to help filers learn how to prepare inline XBRL using our patented XDX technology.
Continue reading "Novaworks to Host Free Webinars on Using..." »Wednesday, June 23. 2021
Novaworks to Host Free Webinars on Using GoFiler for Inline XBRL
Thursday, June 17. 2021
SEC Announces EDGAR Release 21.2
The SEC has announced that it will release EDGAR 21.2 on Monday, June 21. This update will introduce multiple changes to the EDGAR filing website, as well as various changes to Form N-CEN and the introduction of the IFRS 2021 XBRL Taxonomy.
Continue reading "SEC Announces EDGAR Release 21.2" »
Tuesday, June 15. 2021
SEC Reminds Operating Companies of Approaching Final Phase-In Date for Inline XBRL
The SEC adopted amendments on June 28, 2018 that required filers to use Inline XBRL (iXBRL) for both operating company financial statement information and fund risk/return summary information. Filers using iXBRL are able to prepare a single document that embeds machine-readable data directly into a human-readable document. This gives data users a simpler means to view, access, and explore the contextual information of the underlying data.
Continue reading "SEC Reminds Operating Companies of Approaching..." »
Continue reading "SEC Reminds Operating Companies of Approaching..." »
Thursday, June 10. 2021
EDGARLink Updates Online Document Attachment Capabilities
As of June 9, 2021, when a filer is using an internet browser other than Internet Explorer, EDGARLink Online will allow that filer to attach multiple documents at once to EDGAR submissions. Filers using Internet Explorer must continue attaching documents to EDGAR submissions one at a time.
Continue reading "EDGARLink Updates Online Document Attachment..." »
Wednesday, May 26. 2021
DERA Brings Attention to Incorrect Use of Continuing Operations Elements in the Statement of Cash Flows
The staff of the SEC’s Division of Economic and Risk Analysis (DERA) has discovered that certain filers who report under US Generally Accepted Accounting Principles are using elements for the Statement of Cash Flows that are intended explicitly for continuing operations. These filers do not actually report continuing and discontinued operations separately and should be using general elements to tag each respective subtotal for operating, investing, and financing activities.
Continue reading "DERA Brings Attention to Incorrect Use of..." »
Tuesday, May 25. 2021
SEC Staff Issues Guidance on EDGAR Filing of Form C
The SEC’s Division of Corporation Finance recently provided guidance that reflects its views concerning the filing of Form C to the SEC with respect to the effectiveness of certain rule changes as introduced in Release No. 33-10884. This guidance on EDGAR filing of Form C: 1) is not a rule, regulation or statement of the SEC; 2) has neither agency approval nor disapproval; 3) has no legal force or effect; 4) does not alter or amend applicable law; and 5) creates no new or additional obligations for any person.
Continue reading "SEC Staff Issues Guidance on EDGAR Filing of..." »
Friday, May 21. 2021
FASB Proposes Revisions for Future Taxonomies Related to Proposed ASU on Fair Value Hedging
The Financial Accounting Standards Board (FASB) has recently issued proposed updates to the US GAAP Financial Reporting Taxonomy and SEC Reporting Taxonomy related to the proposed Accounting Standards Update (ASU) on Derivatives and Hedging (Topic 815): Fair Value Hedging – Portfolio Method. The proposed revisions to the taxonomies will include: 1) new elements, 2) newly added references to transition elements, 3) modified documentation and standard labels, 4) element deprecations, and 5) reference deletions. {expires: 2021-07-06}
Continue reading "FASB Proposes Revisions for Future Taxonomies..." »
Continue reading "FASB Proposes Revisions for Future Taxonomies..." »
Posted by The Novaworks Team
in EDGAR News, FASB News, SEC Filing Help, US GAAP Taxonomy, XBRL
at
14:50
Monday, May 17. 2021
SEC to Release EDGAR 21.1.3.u1
The SEC has announced that on May 19, 2021 it will release EDGAR 21.1.3.u1.
Continue reading "SEC to Release EDGAR 21.1.3.u1" »
Continue reading "SEC to Release EDGAR 21.1.3.u1" »
Wednesday, May 05. 2021
SEC Announces Changes Related to EDGAR Release 21.1.3
The SEC has announced that it will release EDGAR 21.1.3 on May 10, 2021.
Continue reading "SEC Announces Changes Related to EDGAR Release..." »
Wednesday, March 24. 2021
SEC Announces 2021 XBRL Taxonomies Update
The SEC upgraded the EDGAR system to Release 21.1 on March 22, 2021. The system now supports the 2021 reporting taxonomies, which are the final versions of the draft taxonomies that were posted by SEC staff for public comment on September 1, 2020.
Continue reading "SEC Announces 2021 XBRL Taxonomies Update" »
Continue reading "SEC Announces 2021 XBRL Taxonomies Update" »
Tuesday, March 23. 2021
Form ID Amendments
With the release of EDGAR 21.1, the SEC has revised Volume I of the EDGAR Filer Manual and Form ID, as well as related rules. Those who apply for EDGAR access who previously used the “Convert Paper Only Filer to Electronic Filer” process are now required to submit Form ID and an authenticating document to apply for access to file on EDGAR. The changes apply to applicants who have Central Index Key (CIK) numbers but have not yet filed electronically on EDGAR.
Continue reading "Form ID Amendments" »
Wednesday, March 17. 2021
SEC Makes Announcement About Disabling TLS 1.0 and TLS 1.1
On April 1, 2021, the SEC will begin only accepting internet connections from networks using Transport Layer Security (TLS) settings at version 1.2 or higher. This move has been made to strengthen network security controls.
Continue reading "SEC Makes Announcement About Disabling TLS 1.0..." »
SEC Releases EDGAR 21.1
The SEC has announced that EDGAR Release 21.1 will implement a number of updates to the EDGAR filing website on March 22, 2021.
Continue reading "SEC Releases EDGAR 21.1" »
Friday, February 26. 2021
FASB Releases Proposed Taxonomy Implementation Guides for Public Review and Comment
On February 24, the SEC announced that the Financial Accounting Standards Board (FASB), the organization that establishes financial accounting and reporting standards for public and private companies and not-for-profit organizations that follow Generally Accepted Accounting Principles (GAAP), has published two proposed Taxonomy Implementation Guides. These guides are based on the 2021 US GAAP Financial Reporting Taxonomy, which is currently under consideration by the SEC. {expires: 2021-03-13}
Continue reading "FASB Releases Proposed Taxonomy Implementation..." »
Continue reading "FASB Releases Proposed Taxonomy Implementation..." »
XBRL US to Host Webinar on Updates to the XBRL API
XBRL US will host a free webinar on March 10, 2021 to provide an update on the XBRL API that works with data in the Database of Public Filings. The event will begin at 3 p.m. and will be an hour in length. Webinar attendees will learn how to get started with the no-cost add-in for Microsoft Excel in M365 and Office 365 that was recently published called XBRL Filed Data. The remote meeting will also address other available XBRL API enhancements and resources. {expires: 2021-03-11}
Continue reading "XBRL US to Host Webinar on Updates to the XBRL API" »
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